Guideline Value for Judge Colony Cross Street

Judge Colony Cross Street guideline value

The current guideline value of Judge Colony Cross Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Chitlapakkam village under the Tambaram Joint 1 SRO, classified as Residential Special Type - I.

How the guideline value of Judge Colony Cross Street has changed

The guideline value for Judge Colony Cross Street has undergone several revisions over the years. The 2012 revision set the value at Rs 4,000 per sq.ft, which was then revised to Rs 2,680 per sq.ft in 2017. This marked a decrease of 33%. However, from 2017 to 2023, the value increased significantly to Rs 4,000 per sq.ft, reflecting a rise of 49%. The most recent revision in 2024 has further increased the value to Rs 4,400 per sq.ft, a 10% increase from the previous year.

There are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Chitlapakkam

In Chitlapakkam, there are 548 streets under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 1,100 to Rs 8,800 per sq.ft. The median value is Rs 1,650 per sq.ft, placing Judge Colony Cross Street's 2024 figure above this median.

• Judge Colony 4th Street: Rs 4,400 per sq.ft (2024)
• Judge Colony Ist Street: Rs 4,400 per sq.ft (2024)
• Judge Colony 3rd Street: Rs 4,400 per sq.ft (2024)
• Judge Colony 2nd Street: Rs 4,400 per sq.ft (2024)
• Judge Colony 2-nd Main Road: Rs 4,400 per sq.ft (2024)
• Judge Colony 1 Main road: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Judge Colony Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, leading to a total of Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Judge Colony Cross Street?

The Sub Registrar Office covering Judge Colony Cross Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Chitlapakkam

The guideline value plays a crucial role in property transactions in Chitlapakkam. It serves as a benchmark for calculating stamp duty and registration fees during the sale or purchase of property. Buyers and sellers must refer to the current guideline value to ensure compliance with local regulations.

When registering a property, the guideline value is used to determine the applicable charges. It is essential for both parties to be aware of this value, as it influences the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Judge Colony Cross Street?

The current guideline value of Judge Colony Cross Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 4,000 per sq.ft in 2012 to Rs 2,680 per sq.ft in 2017, then to Rs 4,000 per sq.ft in 2023, and finally to Rs 4,400 per sq.ft in 2024.

What are the other streets with the same guideline value in Chitlapakkam?

Other streets in Chitlapakkam with the same guideline value of Rs 4,400 per sq.ft include Judge Colony 4th Street, Judge Colony Ist Street, Judge Colony 3rd Street, Judge Colony 2nd Street, Judge Colony 2-nd Main Road, and Judge Colony 1 Main road.

Where is the Sub Registrar Office located?

The Sub Registrar Office for Judge Colony Cross Street is located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone.

How is stamp duty calculated for properties in Chitlapakkam?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 44,00,000 would incur a stamp duty of Rs 3,08,000 at a rate of 7%.